Telegram founder believes the crypto community needs to return to the roots of decentralization.
A few weeks ago, Telegram launched Fragment, a Decentralized platform for auction of the NFT usernamesThese domain names have quickly become one of the best-performing NFT collections of recent months.
Now, Pavel Durov, founder of Telegram, has announced on your channel which will use the Fragment infrastructure to develop a new decentralized exchange (DEX) and a native digital wallet so that users do not have to depend on centralized exchanges that go against the “spirit of Web3”.
Durov explains that The blockchain was created on the idea of decentralization, but it has ended up falling into the hands of a few, who have taken advantage of the situation to abuse their power. Finally, explicitly points to FTX, regretting that many people have lost their money.
In his announcement, he invites developers working on the Web3 project to abandon centralization and return to the roots of blockchain. Durov's idea is to work on decentralized projects, applications and protocols. At the same time, he encourages users to work with decentralized exchanges and opt for self-custody wallets.
To do this, he gives as an example the work of the Telegram DEX, which has been Fully developed by a team of 5 people, in just 5 weeks.
What is Fragment?
Fragment is a decentralized, open-source auction platform, developed on the TON blockchain (The Open Network), a blockchain focused on speed and scalability.
Discover all the features, functionalities and potential of The Open Network with our course at Bit2Me Academy.
Since its launch, just over a month ago, Fragment has achieved a market volume of over $50 million, from the purchase and sale of NFT domain names for Telegram channels, groups and users.
The decentralized exchange has been developed on the infrastructure of the auction platform, so it will be an evolution of it. In addition, the digital wallet will be compatible with both platforms.
In this way, Durov intends to offer a Solution to excessive centralization of the sector, which has caused thousands of users to lose their money due to the bankruptcy of FTX and other platforms those he has dragged down with him in his fall.
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